Reno, Nev.-based Employers Holdings Inc. announced Standard & Poor’s will add it to the S&P 600 SmallCap Index. The S&P 600 is considered the preferred small capitalization-market index in the United States and is comprised of 600 leading publicly held companies in the most important industries in the U.S. economy.
According to Standard & Poor’s, the S&P SmallCap 600 is a core component of the U.S. indices that could be used as building blocks for portfolio construction.
Index constituents exhibit the following characteristics:
- Market Coverage – 3%-4% of the U.S. equities market
- Weighting – Market capitalization
- Market Capitalization – US$ 200 million to US$ 1.0 billion
- Public Float – At least 50%
- Reconstitution – As needed basis
Employers Holdings will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Property & Casualty Insurance Sub-Industry index after the close of trading on Tuesday, June 23.
Employers Holdings is a holding company with subsidiaries that are specialty providers of workers’ compensation insurance and services focused on select, small and medium-sized businesses engaged in low to medium hazard industries. The company, through its subsidiaries, operates in 30 states. Insurance is offered by Employers Insurance Company of Nevada, Employers Compensation Insurance Co., Employers Preferred Insurance Co., and Employers Assurance Co., all rated A- (Excellent) by A.M. Best. Employers Preferred Insurance Company and Employers Assurance Company are also known as AmCOMP Preferred Insurance Company and AmCOMP Assurance Corp., respectively.
For information, visit http://www.employers.com.
Was this article valuable?
Here are more articles you may enjoy.